Malta signs a tax treaty with Mauritius

17/11/2014

On 15 October 2014 Malta signed a tax treaty with Mauritius.  The treaty was published by means of legal notice 409 of 2014.

 

The tax treaty is modelled on the OECD model convention.  However, it is interesting to note that no withholding tax is levied on dividends, interest and royalties and therefore the source state will not tax dividend income, interest or royalties and the residence state will have exclusive jurisdiction to tax such income.  The treaty provides that the source state will have taxing rights with respect to capital gains on immovable property and movable property.

 

The tax treaty also contains ‘standard articles’ with respect to the elimination of double taxation (under the credit method), mutual agreement procedure, exchange of information and a rather detailed article with respect to assistance in the collection of taxes.

Valletta, Malta

Malta is an island hub at the very core of the Mediterranean that is fast becoming one of the world’s foremost emerging financial services centres. Valletta being the Capital City of Malta.

Rankings & Awards

Avanzia Taxand is consistently ranked as a Tier One or Tier Two Firm in Euromoney's Corporate Tax Handbook and ITR surveys on tax planning and tax transactional surveys.

Avanzia Taxand was named ‘Malta Tax Firm of the Year’ by the International Tax Review for three times – in 2009, 2013 and 2016.  In 2011, 2014, 2015 and 2016 it was named ‘Malta Tax Firm of the Year’ by Corporate International.

 

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